This property looks like a bad Long-Term investment with a projected -17.67% first-year return on $110k initial cash invested.
-17.67%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$2,044
Rent
-$1,623
Cashflow
Cash Flow
$2,044 income − $3,667 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$3,667
Mortgage P&I
141%
$2,877
Property Taxes
4%
$75
Home Insurance
9%
$184
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0